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Cramer: 1 Stock to Consider Amid Sell-Off

Stocks plunged sharply Thursday, with the Dow down more than 500 points, in its worst one-day drop since December 2008. So how do we deal with this bloodbath, Cramer asked.

The "Mad Money" host reminded investors that people are selling the whole stock market, but not individual stocks. In other words, the market is being pushed down by macro-economic worries, such as Europe's debt crisis.

Luckily, many individual companies have actually reported strong earnings results. So at some point, Cramer thinks those who trade based on the fundamentals of individual companies will "hijack" the market back from those who trade off bond yields or currencies.

In turn, Cramer recommends investors look for companies that have recently delivered strong earnings and raised their dividend, too. Take Federal Realty Investment Trust , for example. Cramer called it the best shopping center real estate investment trust in America. It recently delivered $1.02 of funds from operations, a 2 cent beat, raised its full-year guidance and increased its dividend for the 44th year in a row.

Being as this REIT owns and manages retail and mixed-use properties throughout the Northeast, Mid-Atlantic and California, Cramer thinks it's a great read on retail and the state of the consumer. To get an update on both, he welcomed CEO Don Wood onto "Mad Money." Check out their full conversation by watching the video.

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